German Bond Yields Reach Sink or Swim Moment: What’s Next?
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Just as interest rates are pulling back, one particular government rate appears to be nearing an important moment.
The 10-Year Germany Bond yield.
10-Year German Bond Yield-Daily Chart
Above is a long-term “monthly” chart of the 10-year German Bond Yield. As you may recall,
Currently, this yield has reversed lower from the topside of falling channel resistance (marked by each 1).
The decline currently has German bond yields trading into a very important support area that global investors may want to watch closely: the 23% Fibonacci support level at (2).
What the German Bond does at (2) will very likely send a message globally about the direction of interest rates.
